Callan’s 2019 Investment Management Fee Study uncovers what institutional investors are actually paying

Callan, a leading institutional investment consulting firm, has announced the release of its 2019 Investment Management Fee Study — its eighth examination in over 30 years. 

The study provides a detailed analysis of fee levels and trends across multiple asset classes and mandate sizes for active and passive management. The study centers on traditional institutional mandates, providing insight into what institutional investors are actually paying (negotiated fees) versus investment managers’ published fee schedules.

The data was collected and curated using Callan’s proprietary investment manager database, proprietary client performance reporting database, and actual client fee schedules. The study reflects trends on 2018 fees representing more than $500 billion in assets under management (AUM) and $1.8 billio